Homework Answers
Estimated overhead = 7000+12000+13000+28000 = 60000
Overhead rate :
Direct labor hour = 60000/8000 = 7.5 per DLH
Direct labor cost = 60000/96000 = 62.5%
Machine hour = 60000/30000 = 2 per MH
Overhead applied
Direct labor hour = 9*7.5 = 67.50
Direct labor cost = 100*62.50% = 62.50
Machine hour = 32*2 = 64
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Calculate and Use Manufacturing Overhead Rate...
please help asap Support Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester...
please help asap
Support Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester Manufacturing, Inc, anticipates the following costs, expenses, and operating data: Direct material(15.000 Director 512 120.000 Indirect material 7000 Indrea labor Sales commissions 18.000 Factory administration 1300 Non factory administrative expenses 1400 Other manufacturing overhead 28.000 Machine hours are 30 000 hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application bases: (1) direct labor hours, (2)...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating date related to Job 128: Direct material (15,000 lb.) Direct labor (@ $12 per hour) $45,000 $96,000 Indirect material $7,000 Indirect labor $12,000 Sales commissions $18,000 Factory administration $13,000 Non-factory administration expenses $14,000 Other manufacturing overhead * $28,000 *Machine hours are 30,000. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application...
If you could please explain how you get the answers it would really help me ES...
If you could please explain how you get the
answers it would really help me
ES LO2 E3-3A. Calculate and Use Overhead Rate During the coming accounting year, Baker Manufacturing anticipates the following costs, expenses, and operating data: OWO ome MBC Direct material (16,000 lb.). ..... Direct labor (@ $10/hr.) ...... Indirect materials . . . . . . . . . . . Indirect labor. ........... Sales commissions............ Factory administration ..... Nonfactory administrative expenses. ... Other manufacturing overhead* ...........
manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 1. Calculate the budgeted manufacturing overhead rate. 2 Calculate...
manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 1. Calculate the budgeted manufacturing overhead rate. 2 Calculate the manufacturing overhead allocated during 2017 3. Calculate the amount of under-or overallocated manufacturing overhead. Why do Taylor's managers need to calculate this amount? 4-25 Job costing, accounting for manufacturing overhead, budgeted rates. The Matthew Company uses Seormal job-costing system at its Minneapolis plant. The plant has a machining department and an assem- bly department. Its job-costing system has two direct-cost categories (direct materials...
I just need help with the first question, i need to have manufacturing overhead calculated for...
I just need help with the first question, i need to have
manufacturing overhead calculated for the information presented
above. Thank you!
Chapter 2 - In-Class Activity Andrews, Inc. has the following information available concerning actual costs for the period ending December 31, 2016: 1. Factory utility costs - $7,500. 2. Advertising costs - $50,000. 3. Indirect material costs - $2,500. 4. Machine hours used: a. Job 250 - 2,500. b. Job 251 -2,000. c. Job 252 -4,000 5. Depreciation...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to
use to assign manufacturing overhead to jobs. The company has
always used direct labor hours to assign manufacturing overhead to
products, but it is trying to decide whether it should use a
different allocation base such as direct labor dollars or machine
hours.
Actual and estimated data for manufacturing overhead, direct
labor cost, direct labor hours, and machine hours for the most
recent fiscal year are summarized here:
Estimated...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
1. Determine the company's predetermined overhead application rate. (Round your answer to 2 decimal places.) 3....
1. Determine the company's predetermined overhead application rate. (Round your answer to 2 decimal places.) 3. Determine the cost of jobs still in production as of March 31. (Round your answer to 2 decimal places.) Cost of the jobs in production 4. Did the finished-goods inventory increase or decrease during the first quarter? By how much? (DO not round intermediate calculations.) The finished-goods inventory by 5. Was manufacturing overhead under-or overapplied for the first quarter of the year? By how...
Che Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead...
Che Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year-Job Bravo. points $ Estimated Data Manufacturing overhead costs Direct labor-hours Machine-hours Assembly $ 1,920, eee se, eee 32, eee Fabrication $2,240,000 48,888 160, eee Total 4,160,...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
please help asap
Support Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester Manufacturing, Inc, anticipates the following costs, expenses, and operating data: Direct material(15.000 Director 512 120.000 Indirect material 7000 Indrea labor Sales commissions 18.000 Factory administration 1300 Non factory administrative expenses 1400 Other manufacturing overhead 28.000 Machine hours are 30 000 hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application bases: (1) direct labor hours, (2)...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating date related to Job 128: Direct material (15,000 lb.) Direct labor (@ $12 per hour) $45,000 $96,000 Indirect material $7,000 Indirect labor $12,000 Sales commissions $18,000 Factory administration $13,000 Non-factory administration expenses $14,000 Other manufacturing overhead * $28,000 *Machine hours are 30,000. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application...
If you could please explain how you get the
answers it would really help me
ES LO2 E3-3A. Calculate and Use Overhead Rate During the coming accounting year, Baker Manufacturing anticipates the following costs, expenses, and operating data: OWO ome MBC Direct material (16,000 lb.). ..... Direct labor (@ $10/hr.) ...... Indirect materials . . . . . . . . . . . Indirect labor. ........... Sales commissions............ Factory administration ..... Nonfactory administrative expenses. ... Other manufacturing overhead* ...........
manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 1. Calculate the budgeted manufacturing overhead rate. 2 Calculate the manufacturing overhead allocated during 2017 3. Calculate the amount of under-or overallocated manufacturing overhead. Why do Taylor's managers need to calculate this amount? 4-25 Job costing, accounting for manufacturing overhead, budgeted rates. The Matthew Company uses Seormal job-costing system at its Minneapolis plant. The plant has a machining department and an assem- bly department. Its job-costing system has two direct-cost categories (direct materials...
I just need help with the first question, i need to have
manufacturing overhead calculated for the information presented
above. Thank you!
Chapter 2 - In-Class Activity Andrews, Inc. has the following information available concerning actual costs for the period ending December 31, 2016: 1. Factory utility costs - $7,500. 2. Advertising costs - $50,000. 3. Indirect material costs - $2,500. 4. Machine hours used: a. Job 250 - 2,500. b. Job 251 -2,000. c. Job 252 -4,000 5. Depreciation...
Amberjack Company is trying to decide on an allocation base to
use to assign manufacturing overhead to jobs. The company has
always used direct labor hours to assign manufacturing overhead to
products, but it is trying to decide whether it should use a
different allocation base such as direct labor dollars or machine
hours.
Actual and estimated data for manufacturing overhead, direct
labor cost, direct labor hours, and machine hours for the most
recent fiscal year are summarized here:
Estimated...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
1. Determine the company's predetermined overhead application rate. (Round your answer to 2 decimal places.) 3. Determine the cost of jobs still in production as of March 31. (Round your answer to 2 decimal places.) Cost of the jobs in production 4. Did the finished-goods inventory increase or decrease during the first quarter? By how much? (DO not round intermediate calculations.) The finished-goods inventory by 5. Was manufacturing overhead under-or overapplied for the first quarter of the year? By how...
Che Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year-Job Bravo. points $ Estimated Data Manufacturing overhead costs Direct labor-hours Machine-hours Assembly $ 1,920, eee se, eee 32, eee Fabrication $2,240,000 48,888 160, eee Total 4,160,...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
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